Selling a Business in Arizona

Payson Business Attorneys Lawyers, AZ

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Selling a business after years of work can be very profitable. Many businesses are created with the hopes that they will one day be acquired by a larger firm. The sale can be complicated, however. There are Federal and Arizona laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Payson not only help to acquire an offer, but also lends advice about which offers are worthwhile to consider. Preparing financial records to comply with Arizona and Federal law is crucial and will help determine the proper value for the rights you are selling. Finally, an agreement will be reached in the form of a written contract. All parties should review the contract to ensure that it reflects a complete understanding of what the parties have agreed.

What Will I Give Up in the Business?

The sale of a business is simply the transfer of a right known as "control". The party with control of a business directs its operations and may use the business property as it sees fit. Since buyers in Payson are generally concerned with acquiring control, they may be willing to allow other rights, such as the right to future earnings, to remain with the seller in exchange for the cheapest price on the right of control. Negotiations during the sales process are essential, and they should be used as an opportunity to voice fully each party?s intentions and concerns.

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4 Business - Transactional cases posted to LegalMatch lawyers in Payson

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How Can an Attorney Help?

In selling a business, the seller must meet the requirements of Arizona law. A local lawyer practicing in Payson will be able to advise you about your particular sale.

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